Karman (NYSE:KRMN) Hits New 1-Year Low – Should You Sell?

Karman Holdings Inc. (NYSE:KRMN) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $32.11 and last traded at $32.1010, with a volume of 140760 shares. The stock had previously closed at $32.42.

Wall Street Analyst Weigh In

KRMN has been the subject of several analyst reports. Citigroup raised their price target on shares of Karman from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Guggenheim assumed coverage on Karman in a research report on Monday, September 14th. They issued a “buy” rating and a $63.00 price objective on the stock. BWS Financial reiterated a “sell” rating and set a $37.00 target price on shares of Karman in a research note on Monday, August 10th. Piper Sandler reissued an “overweight” rating and issued a $91.00 target price (down from $114.00) on shares of Karman in a report on Friday, August 7th. Finally, Needham & Company LLC decreased their price target on Karman from $125.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Karman currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.09.

Karman Stock Down 1.3%

The company has a debt-to-equity ratio of 2.01, a current ratio of 3.56 and a quick ratio of 3.40. The firm has a market capitalization of $4.24 billion, a P/E ratio of 110.32 and a beta of 0.47. The company’s 50-day simple moving average is $45.81 and its two-hundred day simple moving average is $59.20.

Karman (NYSE:KRMN) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $182.06 million during the quarter. Karman had a net margin of 6.31% and a return on equity of 15.54%. The company’s revenue was up 58.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. As a group, research analysts expect that Karman Holdings Inc. will post 0.59 earnings per share for the current year.

Insider Transactions at Karman

In related news, Director David Stinnett purchased 27,000 shares of the business’s stock in a transaction on Wednesday, September 16th. The stock was acquired at an average price of $37.32 per share, with a total value of $1,007,640.00. Following the completion of the acquisition, the director owned 3,530,395 shares of the company’s stock, valued at approximately $131,754,341.40. This trade represents a 0.77% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.77% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KRMN. Grandeur Peak Global Advisors LLC raised its stake in Karman by 98.4% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 59,025 shares of the company’s stock worth $2,947,000 after acquiring an additional 29,281 shares during the period. Wellington Management Group LLP bought a new position in shares of Karman in the second quarter worth approximately $16,086,000. Dimensional Fund Advisors LP increased its stake in shares of Karman by 81.1% in the first quarter. Dimensional Fund Advisors LP now owns 47,381 shares of the company’s stock worth $3,793,000 after purchasing an additional 21,224 shares in the last quarter. Freemont Management S.A. bought a new stake in shares of Karman during the 1st quarter valued at $2,177,000. Finally, Readystate Asset Management LP bought a new stake in shares of Karman during the 2nd quarter valued at $5,675,000.

Karman Company Profile

Karman (NYSE: KRMN), through its subsidiaries, provides engineered components and manufacturing services for the aerospace and defense industries. The company focuses on mission-critical products used in space launch vehicles, missile systems, hypersonic platforms and other high-performance aerospace applications.

Its capabilities include the design and production of composite and metallic structures, precision-machined components, complex assemblies, thermal protection products and other specialized hardware.